Created a Parabolic SAR strategy where price has to close under/above the level before for it to reverse. This way it should be a bit more stable and protect you from false breakouts.
It was impossible to adjust the built-in "sar" function so I implemented PSAR from scratch. So if you're interested in how it's work inside you can check the code and probably...
In the first short signal example, after price closes below the ALMA and the parabolic SAR plots above the price high, sell signal is opened with the stops trailed to the PSAR values until the trade is stopped out.
Similarly, you can see a long position where price cuts above the ALMA and the Parabolic SAR plots below the price low. Using these values as the...
Based on the trading strategy described at
stockcharts.com
See Also:
- Backtesting and forwardtesting (of TradingView Strategies)
- 9 Mistakes Quants Make that Cause Backtests to Lie
- When Backtests Meet Reality
- Why MT4 backtesting does not work
![BTCUSDT: Parabolic SAR Strategy (on close) [QuantNomad]](https://s3.tradingview.com/g/gK7skk6m_mid.png "Parabolic SAR Strategy (on close) [QuantNomad]")
